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How Healthy Is Florida's E&S Industry?

Several experts answer questions about the soft market for the E&S industry. E&S wholesalers and carriers need to operate in whatever market there is. Soft cycles have always lasted longer than hard ones. Fortunately, there is a high degree of efficiency in today's insurance marketplace...

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Bibliographic Details
Published in:Florida Underwriter 2011-04
Main Author: Collier, Joan E
Format: Article
Language:English
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Summary:Several experts answer questions about the soft market for the E&S industry. E&S wholesalers and carriers need to operate in whatever market there is. Soft cycles have always lasted longer than hard ones. Fortunately, there is a high degree of efficiency in today's insurance marketplace. This will allow the market to make adjustments quickly when something occurs to firm the market. To some degree the market cycle has been complicated by the global recession of 2008 and 2009. This has served to prolong the cycle. The consensus is that the soft market cycle will continue throughout 2011. Of course, a major storm or catastrophe could shift the market. Yet it seems the financial practicalities of the industry cannot move the market alone.
ISSN:0743-3441